Charter Communications Rating Reiterated by Macquarie (CHTR)
Charter Communications (NASDAQ:CHTR)‘s stock had its “neutral” rating reaffirmed by equities researchers at Macquarie in a research report issued on Friday. They currently have a $155.00 price target on the stock, up from their previous price target of $135.00. Macquarie’s price target indicates a potential upside of 4.55% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Charter Communications in a research note on Tuesday, May 20th. They now have a $146.00 price target on the stock. Separately, analysts at Craig Hallum initiated coverage on shares of Charter Communications in a research note on Wednesday, May 14th. They set a “buy” rating and a $4.00 price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Charter Communications in a research note on Wednesday, April 30th. They now have a $135.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $129.85.
Charter Communications (NASDAQ:CHTR) traded up 1.38% on Friday, hitting $150.30. 493,099 shares of the company’s stock traded hands. Charter Communications has a 52 week low of $114.35 and a 52 week high of $149.82. The stock’s 50-day moving average is $142.6 and its 200-day moving average is $133.0. The company’s market cap is $16.266 billion.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Monday, April 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.44. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the company posted ($0.42) earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Charter Communications will post $0.42 EPS for the current fiscal year.
Charter Communications, Inc (NASDAQ:CHTR) provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers.
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